I’ve been trying to study for an exam (capital markets related) that I write in a few weeks and find myself racing against time. However, I enjoy putting together the Canadian Personal Finance & Investing too much to neglect and thus I present, edition number 15.
22 articles have been highlighted and my hope is that you enjoy each and every one. Mind you, it will probably take you at least a couple of hours to get through them all but consider it an investment in yourself and the time will fly by.
These next few lines are directed to all you Canadian Personal Finance & Investing bloggers out there. While we have your attention, we would like to take this moment to invite submissions for the 16th edition of the Canadian Personal Finance & Investing Carnival slated for publishing on February 28th, 2011. So if you’re a Canadian blogger specializing in personal finance and or investing, make sure you submit your best articles for inclusion and while you’re at it, perhaps spread the word about the Canadian Personal Finance & Investing Carnival.
And now, begins the Carnival.
Boomer and Echo presents How To Invest Your Money: Part Four – Building Your Portfolio, saying, “This is the final part of a four part series on how to invest your money. The main focus of this series of articles is to discuss the psychology of investing, how to get started, finding your strategy, and building your portfolio.”
Balance Junkie presents PIMCO’s Battle Call to Bond Vigilantes, saying, “It sounds like PIMCO is ready to fight the Fed by selling Treasuries. This could have broad implications for interest rates, bond prices and eventually, the stock market.”
Sustainable Personal Finance presents Are Investing Experts Ethical?, saying, “Given the inherent nature of their profession how to investing experts remain ethical?”
Canajun Finances presents Top 10 Bad Financial Lists, saying, “Top 10 lists that I really hope are never published.”
Canadian Finance Blog presents RRSP Basics: RRSP Contribution and RRSP Withdrawal, saying, “The RRSP deadline is coming up soon. Before you make a RRSP contribution or RRSP withdrawal, here are some RRSP basics you need to know.”
Retire Happy Blog presents Top Timeless Tax Tips, saying, “As the tax filing deadline looms, we are all trying our hardest to pay as little tax as possible. So this time of year, it’s pretty common to find different experts sharing their top tax savings tips.”
Million Dollar Journey presents A Primer on Exchange-Traded Fund (ETF) Terminology, saying, “An ETF is a well-known investment vehicle these days; usually, they closely track an index – be it sector or asset class – by holding the same basket of stocks or bonds similar to index (mutual) funds.”
Canadian Couch Potato presents BMO’s Target Maturity Corporate Bond Funds, saying, “One of the criticisms of bond funds is that they have no maturity date. If you buy an individual 10-year bond, you know you’ll collect fixed interest payments twice a year, and you know you’ll receive the face value of the bond when it matures in a decade. But if you invest in a bond fund, you can’t be sure what its value will be in 10 years. That uncertainty can make financial planning more difficult.”
Larry MacDonald presents What to do with your RRSP, saying, “Wondering what to do with your RRSP? You can read articles in the press or visit a financial advisor. For a change of pace, let’s look at what other individuals are doing with their RRSPs. Perhaps their examples can provide some ideas.”
Canadian Capitalist presents Will Better Fee Disclosure Help?, saying, “You would expect that if investors were made aware of how much fees they were paying, they would wise up and choose low cost investments. Unfortunately, that doesn’t seem to be case.”
Finance Fox presents HOW DO YOU TRACK YOUR MONEY?, saying, “When it comes to money management, there are a number of ways to go about it. Financial institutions send us monthly statements, you can print all your account statements online, various software, Excel Spreadsheets, online money management websites (think Mint.ca) and of course the good old traditional way, paper & pen, you keep track of your own money. I have two systems, that work well for me and keep track of my money. They’ve worked well for me, over the past months or ever since I truly got serious about eliminating my debt.”
Invest It Wisely presents 3 Reasons to Add Dividend Stocks to Your Portfolio, saying, “25 years ago, dividend investing was considered a fundamental part of every investor’s portfolio. Investors received a portion of a corporation’s profit as a “dividend” (or return) on their investment. Companies that paid a dividend were financially stable “widow-and-orphan” investments.”
Beating The Index presents The Alberta Bakken Oil Play, saying, “The Bakken formation is a 350 million-year-old layer of rock occupying 520,000 km2 of the subsurface of the Williston Basin covering parts of Saskatchewan, Manitoba, North Dakota and Western Montana. The formation was discovered in 1953 and as early as 1974, it was postulated that vast amounts of petroleum (up to 500 billion barrels) were contained in the formation itself but it was not economically viable as the oil was trapped in shale (fine sedimentary rocks).”
Financial Highway presents You Are Not The Stocks You Invest In, saying, “Do you identify with the stocks that you choose to invest in? Doing so can be detrimental to your financial health. And if you think that you don’t, you might want to think again. That’s because many people feel an emotional connection with their stock investments and don’t even realize it.”
Investing Thesis presents On A Quest To Turn $3000 Into $100000 With Trader Mark Li, DMS
In Search Of Salt presents Obtaining Your Canadian Credit Score, saying, “Long time readers will know that I request a free credit report by mail in about June, and pay for my online credit report and score in December of each year.”
Money Smarts Blog presents How To Run A Background Check On Your Canadian Financial Advisor, saying, “Before you hire a financial advisor, it is important to do some research and make sure the advisor is who they say they are. Did they really complete their CFP? Are they licensed in your province? Have there been disciplinary action against them in the past? Just because a potential financial advisor wears a nice suit, doesn’t mean they are legit. To complete a background check on an advisor, you only need their name. The company name they are licensed to deal with is also useful.”
Rob Carrick presents Look to ETFs to hedge against rising rates, saying, “Look to exchange-traded funds if you need a way to protect the bond side of your portfolio from the threat of rising interest rates.”
Dianne Maley presents How specialty funds can spice up a portfolio, saying, “Even conservative investors can enhance their portfolios with a dash of global stocks, a spoonful of alternative strategies or a pinch of high-yield bonds – albeit with some risk.”
Jonathan Chevreau presents Retire early: It might actually save you money, saying, “If you are worried about stretching your dollars and minimizing the tax hit at retirement, there are two ways you can “melt down” RRSPs before they become highly taxed RRIFs or trigger clawbacks of Old Age Security.”
Divestor presents Financial Literacy, saying, “The government of Canada commissioned a task force to study the issue of financial literacy in Canada. I will restrain my comments to say that just as how (in Western Europe) illiteracy was reduced from about 2/3rds in the 18th century to less than 10% today, I would estimate the financial literacy of Canada as being quite low.”
Moneyville presents 9 ways to earn cash in your spare time, saying, “For as long as I can remember, I’ve tried to think of clever ways to come up with extra money. At first, it was to pay down debt. Now, it is to save for retirement, and for my first home. Here are nine interesting ways to make money, without having a set time commitment – perfect for those who are too busy for a part-time job!”
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That’s a wrap, folks! Have a smashing day and week!